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3 February 2016

Ziehl-Abegg reports 6% increase in turnover

The number of employees at Ziehl-Abegg rose to 3,450, compared with 3,400 in the previous year. Between them the five Hohenlohe sites employ a total of 1,950 people (previous year 1900). The company traditionally does not issue any information on profits.

Ziehl-Abegg has seen its turnover rise by 6% to €448m during the past year.

The company’s ceo, Peter Fenkl, said: 'We have achieved another significant increase in turnover last year in difficult conditions. Even though the economic development in the BRIC countries (Brazil, Russia, India and China) is slowing down, Ziehl-Abegg has succeeded in increasing turnover worldwide by six per cent to €448 million (previous year €423 million).”

Business in Europe was also well above expectations, as it was in America. Referring to The Ukraine and Russia, Mr Fenkl said: 'We have grown at a disproportionate rate despite the slow overall economic development.”

During the course of business, the general economic situation was also reflected at Ziehl-Abegg Brazil, with turnover falling just below the previous year’s level. Even turnover in Germany is increasingly shaped by the global influences coming from Russia and the slower growth in Asia, the company says.

A large proportion of turnover is being achieved with products that have not yet been on the market for five years. Regulatory targets for energy savings are prompting customers to look more closely at performance and power consumption, Mr Fenkl said, and this is also being seen in China.

The number of employees at Ziehl-Abegg rose to 3,450, compared with 3,400 in the previous year. Between them the five Hohenlohe sites employ a total of 1,950 people (previous year 1900). The company traditionally does not issue any information on profits.

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